LG Display (NYSE:LPL) Hits New 1-Year High - Should You Buy?

Key Points

• LG Display's stock hit a new 52-week high at $4.89, reflecting significant growth as the stock performance improves from a close of $4.08.
• Analysts have mixed ratings on LG Display, with one firm upgrading the stock to a "buy" while the overall consensus remains a "Hold" rating.
• Despite the rise in stock value, LG Display reported a loss per share of ($0.18) for the previous quarter, missing estimates and demonstrating ongoing financial challenges.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $4.76 and last traded at $4.89, with a volume of 30407 shares traded. The stock had previously closed at $4.08.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LPL shares. Bank of America started coverage on LG Display in a report on Thursday, April 24th. They issued a "neutral" rating on the stock. Morgan Stanley raised LG Display from an "underweight" rating to an "equal weight" rating in a report on Wednesday, June 11th. Finally, Wall Street Zen raised LG Display from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold".

LG Display Stock Performance

The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.46 and a current ratio of 0.64. The stock's 50-day moving average is $3.57 and its 200 day moving average is $3.26. The firm has a market cap of $4.93 billion, a P/E ratio of -2.77, a PEG ratio of 0.25 and a beta of 1.44.

LG Display (NYSE:LPL - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The electronics maker reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). LG Display had a negative net margin of 7.17% and a negative return on equity of 24.14%. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.33 billion. On average, research analysts predict that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On LG Display

A number of large investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in shares of LG Display by 323.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 175,947 shares of the electronics maker's stock worth $602,000 after buying an additional 134,432 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of LG Display during the 2nd quarter worth about $46,000. Coldstream Capital Management Inc. boosted its stake in shares of LG Display by 28.5% during the 2nd quarter. Coldstream Capital Management Inc. now owns 26,711 shares of the electronics maker's stock worth $91,000 after buying an additional 5,921 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of LG Display by 12.0% during the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker's stock worth $5,166,000 after buying an additional 161,409 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of LG Display by 3.4% during the 2nd quarter. Rhumbline Advisers now owns 375,539 shares of the electronics maker's stock worth $1,284,000 after buying an additional 12,198 shares during the last quarter.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.

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